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The Russian IT market did not collapse contrary to expectations in 2021
According to the analytical company IDC, the Russian information technology market did not fall in 2021, but managed to stay at the 2021 level, despite the impact of the coronavirus. Kommersant writes about this with reference to the vice president of IDC in Russia and the CIS, Robert Farish.
According to him, in 2021, the dynamics of the Russian IT market turned out to be close to zero. “No one had a fall at the end of the year, but we are still waiting for data from smaller companies,” said Mr. Farish. It is worth noting that in the spring of 2021, IDC predicted a drop in the IT market at the level of 30%, while in the fall the forecast was changed to less negative, but still a decline of more than 8% was predicted.
The top manager noted that in Russia, in comparison with Europe, the situation in the IT sphere turned out to be better and the lockdown caused less harm. If in Europe customers reduced IT costs, then Russian companies continued to invest in this area, thus building their own anti-crisis strategy. Farish said the coronavirus pandemic has forced companies to focus on digital projects with short-term return on investment. According to the IDC forecast, investments in long-term projects such as the Internet of Things and robotics are expected to fall in 2021.
Many major IT market players agree with IDC’s forecast. For example, Anton Prokofiev, CEO of system integrator Step Logic, noted that the results of the year were worse than expected in early 2021, but much better than predicted during the pandemic. Tatyana Bocharnikova, the head of NetApp in Russia and the CIS countries, announced that investments in the storage and data management segment in Russia saw an increase in investments last year. The company’s sales in the reporting period increased by more than 20%. Oleg Zhukov, Oracle Vice President for Russia and the CIS, also noted revenue growth of 20%.